Strong Tungsten Market

Tungsten market in China maintained stability last week. The supply of raw materials is still tight, strongly supporting the tungsten price. But due to the limited downstream orders, the price is relatively slow to follow up.

Being afraid of risk, business keeps the quotation in steady growth.In tungsten concentrate market, Environmental inspection and production reduction still dominated the operation of the stockists. The current price of 65% tungsten concentrate is RMB 94,000/ton. Although the price growth has expanded compared with the low level of the previous two years, it still cannot compare with that before 2013. And there is still a part of mining of which the production cost exceeds the current price. As a result, the miners’ offer is firm.

Raw material price still supports the APT market. Market quotation is easy to rise but difficult to decrease. Current APT quotation has reached RMB 145,000/ton. As the demand is still flat, manufacturers are reluctant to raise prices substantially.

The cost and demand are still two variables in tungsten powder market. Limited mine shipping leads to supply crunches in tungsten market, resulting in high cost. Meanwhile, expensive resources scare away downstream enterprises, and orders became less. Quotation offered by powder manufacturers principally slowly flow the pace of raw material growth.

Overall, the tungsten market in China is still on the rise, but there are fluctuations. Let’s pay attention to the guidance of environmental inspection, demand follow-up and large tungsten enterprises’ quotation. Chinatungsten Online will be covering the market update.

Price of tungsten products on Aug. 15, 2017

• < Prev
• Next >